Real-life decision makers are often forced to estimate the likelihood of uncertain future events. Usually, economists assume that agents behave as though they are fully rational, employing statistical rules to assess probabilities, and that they maximize expected utility. Psychological studies,...

Abbigail J. Chiodo, Massimo Guidolin, Michael T. Owyang, and Makoto Shimoji Real-life decisionmakers are often forced to estimate the likelihood of uncertain future events. Usually, economists assume that these agents behave in a fully rational manner, employing statistical rules to assess...

A speech at the Global Interdependence Center (GIC) Abroad in Chile Conference, Universidad Adolfo Ibanez, Santiago, Chile, March 5, 2007

Address before AAIM Management Association, St. Louis, MO - Dec. 20, 2002

Presentation at Lincoln University, Jefferson City, Mo., Oct. 4, 2004

Presentation to the Growing Global Program with the World Trade Center St. Louis, St. Louis, Sept. 10, 2004

Recently, some analysts and economists had warned that the U.S. economy faces a much higher risk of falling into a recession should the price of oil rise to $100 per barrel or more. In February 2008, spot crude oil prices closed above $100 per barrel for the first time ever, and they have since...

Following the terrorist attacks on September 11, 2001, the passage of the Aviation and Transportation Act mandated a substantial increase in resources devoted to aviation security. This paper summarizes the specific changes stemming from this legislation. In addition, the paper examines the...

Presentation to the School of Business & Management, University of Arkansas at Pine Bluff - March 5, 2003

Presentation before the AAIM Management Association, St. Louis - Jan. 11, 2002